Author: Manish Choudhary

The Reserve Bank of India (RBI) has taken stringent measures against financial entities Manappuram Finance and Anand Rathi Global Finance for non-compliance with specific regulatory provisions. In an official announcement made on November 16, the RBI disclosed the imposition of monetary penalties on these entities. Manappuram Finance faced a monetary penalty of Rs 42.78 lakh for non-adherence to certain provisions outlined in the “Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.” The penalty, imposed through an order dated October 31, 2023, marks the RBI’s exercise of its powers conferred under the…

The Reserve Bank of India (RBI) issued a directive to Bajaj Finance Ltd on Wednesday, November 15, instructing the immediate cessation of loan sanction and disbursal under its two lending products, ‘eCOM’ and ‘Insta EMI Card’. This stringent action was taken due to the company’s failure to adhere to the existing provisions of digital lending guidelines, as stated by the RBI. In an official statement, the RBI cited its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, emphasizing the necessity to cease the sanction and disbursement of loans under the mentioned products. The primary reasons for…

The Enforcement Directorate (ED) has taken action once again in Chhattisgarh, this time targeting fireworks businesses in Durg and Bhilai. In Durg, ED officers reached the residence of Suresh Dhingani, operator of Dhingani Fire Works in Padumnagar. A significant number of officers in four ED vehicles arrived at Dhingani’s home early in the morning. After conducting investigations and questioning, the officers left with the businessman’s son, Vivek Dhingani, heading towards their warehouse located in Vasundharanagar. Additionally, there is ongoing action at the firecracker shop located in front of the police petrol pump in Bhilai 3 and a residence in Padum…

A potentially dangerous situation was swiftly averted by the diligent efforts of the City Kotwali Durg police, who took immediate action against an individual wielding a sharp knife and making threats to the public in Nayapara Fort. The police arrested the accused on the spot and confiscated the weapon, ensuring the safety of the community. The incident led to proceedings under the Arms Act as the police acted decisively to prevent any harm or distress to the residents. The quick response by the law enforcement authorities underscores their commitment to safeguarding public safety and maintaining law and order in the…

The Supreme Court of India has extended the ban on the sale and use of firecrackers, making it applicable across the entire country. This decision comes in response to a plea regarding alarmingly high pollution levels in Udaipur, deteriorating air quality, and the lack of regulations to control noise pollution. Previously, the Supreme Court had upheld the ban on firecrackers due to their contribution to the air pollution crisis. The court emphasized that the responsibility for curbing pollution does not rest solely on the judiciary but should be a collective duty of all citizens. The move to extend the firecracker…

In a significant development in the ongoing crackdown against illicit betting activities, Raipur Police has taken aggressive action against the operators of the Mahadev Betting App in 2022. The persistent efforts of law enforcement authorities have not only resulted in the removal of the Mahadev Betting App from the Playstore but have also led to legal proceedings against its main operators, Saurabh Chandrakar and Ravi Uppal, who were operating from Dubai. The investigative journey began when Raipur Police corresponded with Google, urging the removal of the Mahadev Betting App from the Playstore. Subsequently, Google took swift action in 2022 and…

In a significant breakthrough, the Raipur Police have apprehended 11 suspects connected to a massive fake bank fraud case under the jurisdiction of Thana Mujgahan. The case involves an intricate scheme to defraud a bank of crores of rupees through fraudulent activities. The suspects, who were part of a criminal network, allegedly engaged in nefarious activities aimed at causing substantial financial losses to Axis Bank, located in the Gram Dunda area. Their illicit intentions and fraudulent practices led to an unauthorized gain of nearly INR 16,40,12,655 from the bank. The Raipur Police have been vigilant in pursuing justice in this…

The Raipur Police have successfully apprehended a robbery suspect involved in a recent incident in the Kotwali area near Bairen Bazaar. The suspect, identified as Samir alias Mukhtar Khan, had previously been incarcerated for involvement in theft cases. In this latest case, he was implicated in a brazen daytime robbery. Samir Khan, who was previously known to the authorities, was arrested by the police following a thorough investigation into the robbery incident. The incident involved Samir Khan allegedly pushing a pedestrian from his two-wheeler, robbing him, and then making a quick escape. The arrest of Samir Khan led to the…

The Bharatiya Janata Party (BJP) has officially unveiled its manifesto for the upcoming assembly elections in Chhattisgarh. The manifesto, known as ‘Sankalp Patra,’ was launched by Union Home Minister Amit Shah. It outlines a comprehensive vision for the state, emphasizing development and addressing critical issues. Speaking at the launch event, Amit Shah described the BJP’s manifesto as a “resolution letter” and stressed the party’s commitment to bringing Chhattisgarh into the mainstream of development. He reminded the audience that the BJP had played a crucial role in the establishment and progress of the state, which had transformed from a Bimaru state…

In a startling development, five individuals have been apprehended in Noida for their involvement in supplying snakes and their venom for alleged rave parties that were purportedly organized by popular social media sensation Elvish Yadav. According to the police, these parties were held at various farmhouses in Delhi and its neighboring regions. The suspects have revealed that Elvish Yadav employed the snakes to create content for his YouTube and Instagram channels. However, the shocking twist in the story is that the snake venom was reportedly consumed by attendees at these rave parties, which also purportedly hosted foreign nationals. The First…